[cruiser] Hi and good morning all!! Why Return to Gold Standard Is Seen By Some as 'Ludicrous': http://www.cnbc.com/id/48776347
[pappyy] cruiser gm so that this morning - IMHO I thought are they for real, if the rest of the world is moving in that direction the US has to also in order for the dollar to be worth something
[cruiser] This person also has to ask why, other Central Banks throughout the world have purchased records amount of gold this year. So now we will have this debate instead of the Qe3 debate. Got to love media. Now this I like : "In fact, is there enough gold in the world to back the U.S. debt?”
Now that is interesting. My thought is that Countries debt will be forgiven. Now I do understand our Debt is 15T, up from 491B in 1971, but the price of gold has gone up. In fact the U.S treasury value on gold is only $32.00. Wow. Think that rate needs to be realigned or adjusted.
[paradisegirl] cruiser that was my thought - debit forgiven - starting w/ a clean slate
Read More Link on Right
[BigB] cruiser The problem is that to defend their position, they will give out detrimental information that will point fingers.
[cruiser] BigB I am just not sure, if This has to go to a vote or not in Congress. I think the idea of the gold standard will be tied to the Audit the Fed act, But not sure if Congress has a say in the change over from FSD to the UST.
[BigB] cruiser It is really going to get interesting in short order. Someone has got some spainin to do!
[cruiser] BigB Just glad to see the talk of it. That it is making the public aware of it, is huge to me. So when it does happen, there will not be such a scare in the U.S.
[gretco] cruiser - does it mean anything about Qe3 - the article from CNBC (was on yahoo finance) that it has not been implemented.
[cruiser] gretco Officially QE3 has not been implimented. That is correct. But by media speculalation and market maniipluation, it was done, minus the printing of more money.
[rustyc] cruiser what is the history of how they went to fiat from gold?
[cruiser] rustyc You have to look that up. Lot of reading out there.
[rustyc] cruiser when will the ECB take action?
[cruiser] rustyc they are saying next week. Read that somewhere. They may try to upstage the FED meeting.
[rustyc] cruiser i Just thought that might indicate whether I would require a vote to go back to gold based currency.
[cruiser] rustyc I truly wonder if the vote has taken place on it already. I think it did, if it has to go through Congress. IMO
[cruiser] Gotto Run. Very busy next couple of days. Will try to be on tonight.
[paradisegirl] cruiser yw, hun. Thanks for all your analysis. It is hard to determine what news could be related to this event, and which is not. You have confirmed many of my thoughts. Having been in the financial industry, this is very fascinating
[Stitch] I take the silence of the intel providers as a good sign. All the analysis of news and markets has provided some fascinating insight....
[BigB] Okie has been in this a long time. I got in it because I heard him speak. He wants this so bad because he know how much so many people need it & the fact that he knows these suffering people will pay it forward. He'is a very emotional person & inspires us to hang on because of what knows
[tatortot] BigB Ok I was just curious. I have always thought Okies intentions were for the best for everyone. He just jumps the gun sometimes. I think he is a good man.
[mr_shoemake] BigB i have not been in this as long as most but have heard more positive news as of late. i do find it strange all intel providers are so silent
BigB] tatortot I think he knows so much about this investment but can not divulge this info due to "really big" reasons.
[tatortot] BigB I am sure you are right.
[Stash] I know this.....Okie has a WAY UP contact.
[mr_shoemake] i think they know so much if they came on they would be hard pressed not to share
[BigB] Stitch mr_shoemake I think the quieter it is the better it is going to be for us. I doubt if we will ever know or understand what is all going on right now. If we did, it could jeapordize everything - meaning globally!
[mr_shoemake] BigB we think the same about that
[tatortot] Its just hard for us WAY DOWN to deal with. The waiting is hard.
[tatortot] The friend who got me in this has a high up contact. He did not even buy dinar until a few months ago. We got really excited because we knew he knew something was getting close.
[BigB] mr_shoemake Stitch Most Dinarians do not like Fridays. I like them because I have always believed that this will be done on a weekend as it will give all time to "adjust" to the news of a global RV before business restarts.
[Stitch] BigB you make an excellent point. Historically most rvs have taken place on Friday....
[MtnStar] Stitch I thought I read Kuwait was a wednesday at 3EST
[Stitch] MtnStar yes, you are correct about KU
[captaincaveman ] With all the intelligent well-informed people we have here, I wouldn't be surprised if we find out before okie makes his graduation speech
[tatortot] captaincaveman captaincaveman I agree and had thought that myself
[pappyy] captaincaveman I am in agreement with you there, I believe there are enough people in this, much more educated on the world economy and have been doing some digging themselves that when this happens things will be out of control!!
xyz] Growth concerns haunt global markets --> Signs that the global economy is weakening and that Europe's debt crisis is still far from solved weighed on financial markets on Friday....
[xyz] Greek PM in Germany: need 'time to breathe' BERLIN (AP) -- Greece made little immediate progress in its quest for more time to carry out painful cuts during talks between its Prime Minister Antonis Samaras and Germany's Chancellor Angela Merkel Friday....
[paradisegirl] US Stocks Decline After Capital Goods Data: Euro, Copper Drop